Judge Rules in Peer-to-Peer Bitcoin Lending LawsuitA US judge has ruled that a Kentucky man must repay a loan he originally solicited in bitcoin.
Judge Frank Fletcher of the Breathitt County District Court, in an order signed 5th June, stated that Dennis Kerley must repay $67,591 on a loan he had received in bitcoin via the peer-to-peer (P2P) lending platform BTCJam.
The loan, dating back to December 2013, fell into default within a few months of receipt. The plaintiff in the case, Daniel Kaminski de Souza, loaned Kerley 11.95 BTC, worth just over $10,000 at the time it was solicited.
Full story: http://www.coindesk.com/judge-rules-in-peer-to-peer-bitcoin-lending-lawsuit/
